Economics: The Basics

Now in its third edition, Economics: The Basics continues to provide an engaging and topical introduction to the key issues in contemporary economics. Fully updated to take into account the global recession, ongoing problems in Eurozone economies, changing patterns in world trade, housing and currency markets, it covers fundamental issues, including:

How different economic systems function

The boom and bust cycle of market economies

The impact of emerging markets

How price, supply and demand interact

The role of the banking and finance industry

Whether we can emerge from recession and reduce poverty

The impact of economics on the environment

With a glossary of terms, suggestions for further reading and new case studies covering subjects such as the choices facing developing economies, the impact of growth on the price of natural resources and the aftermath of the financial crash; this comprehensive and accessible guide is essential reading for anyone who wants to understand how economics works.